Rebecca M. Nelson, Coordinator
Analyst in International Trade and Finance
Dick K. Nanto
Specialist in Industry and Trade
Jonathan E. Sanford
Specialist in International Trade and Finance
Martin A. Weiss
Specialist in International Trade and Finance
On May 2, 2010, the Eurozone member states and the International Monetary Fund (IMF) announced an unprecedented €110 billion (about $145 billion) financial assistance package for Greece. The following week, on May 9, 2010, EU leaders announced that they would make an additional €500 billion (about $636 billion) in financial assistance available to vulnerable European countries, and suggested that the IMF could contribute up to an additional €220 billion to €250 billion (about $280 billion to $318 billion). This report answers frequently asked questions about IMF involvement in the Eurozone debt crisis.
For more information on the Greek debt crisis, see CRS Report R41167, Greece’s Debt Crisis: Overview, Policy Responses, and Implications, coordinated by Rebecca M. Nelson.
Date of Report: August 27, 2010
Number of Pages: 25
Order Number: R41239
Price: $29.95
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Document available via e-mail as a pdf file or in paper form.
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